“CASABLANCA FINANCE CITY”, THE FIRST AFRICAN HUB (1/3)

27/02/2020

 

Zineb Ouhbi, NAZALI Tax & Legal, Morocco

 

“Casablanca Finance City” is a business hub hosting financial and non-financial companies carrying out regional or international activities.

What makes “Casablanca Finance City” interesting is that a special status is granted to companies operating in it, providing them with a package of considerable advantages, including tax incentives, exchange facilities as well as facilitated procedures with regards to “Doing business”.

Eligibility requirements:

In order to be eligible to this regime, companies must:

• Belong to one of the following categories:

• Financial institutions (credit institutions, insurance and reinsurance companies, insurance and reinsurance brokerage companies, financial institutions operating in the asset management sector and investment service providers);
• Regional headquarters of multinational companies;
• Professional services providers (financial rating, financial research, financial information, auditing, tax and legal, strategy, human resources, etc.)
• Holding companies.

• Commit to carrying out activities with non-residents in proportions which are set by regulation.
• Comply with the laws and regulations in force relating to foreign trade and foreign exchange.